
Network18 Media & Investments Limited has reported a significant decline in its financial performance for the quarter ended December 31, 2024. The company’s revenue from operations fell by 25.46% quarter-on-quarter (QoQ) to ₹1,360.50 crore, compared to ₹1,825.18 crore in the previous quarter ended September 30, 2024.
On a year-on-year (YoY) basis, revenue from operations also showed a decline from ₹1,773.73 crore in the corresponding quarter of the previous year.
The company reported a consolidated net loss of ₹1,399.91 crore for the December 2024 quarter, widening substantially from a loss of ₹152.31 crore in the September 2024 quarter. The losses were also significantly higher compared to the net loss of ₹102.31 crore reported in the December 2023 quarter.
For the nine months ended December 31, 2024, the company’s revenue stood at ₹6,326.60 crore, down from ₹6,878.17 crore in the same period of the previous year. The net loss for the nine-month period widened to ₹1,747.58 crore compared to ₹128.91 crore in the prior year.